Bitcoin, Ethereum, XRP, Dogecoin Struggle, But Traders Say It’s ‘Just Another Healthy Retest’

Cryptocurrency markets are slightly down on Friday morning ahead of Fed Chair Jerome Powell‘s speech at Jackson Hole.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $112,611
Ethereum (CRYPTO: ETH) $4,305
Solana (CRYPTO: SOL) $181.72
XRP (CRYPTO: XRP) $2.85
Dogecoin (CRYPTO: DOGE) $0.2153
Shiba Inu (CRYPTO: SHIB) $0.00001234

Notable Statistics:

  • Coinglass data shows 81,748 traders were liquidated in the past 24 hours for $240.55 million.       
  • SoSoValue data shows net outflows of $194 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $287 million. 
  • In the past 24 hours, top gainers include OKB (CRYPTO: OKB), Morpho (CRYPTO: MORPHO) and Monero (CRYPTO: XMR).

Notable Developments:

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